Belarus investors have expressed interest to inject a total of US$15 million into the local agriculture sector and are targeting an initial 10 000 hectares for agriculture production in Kanyemba, Mashonaland Central Province.
A delegation from Belarus was recently in the country to explore the investment opportunities and opted for Kanyemba for its first agricultural investment.
The Deputy Minister of Lands, Agriculture, Water, Climate and Rural Resettlement, Cde Vangelis Haritatos said the investors are interested in livestock, soya bean and wheat production.
“We took them to Kanyemba in Mashonaland Central and they expressed interest to inject around US$15 million into livestock, soya bean and wheat production,” he said.
The investors also toured the Bulawayo Kraal in Binga to assess the investment opportunities. Meanwhile, Cde Haritatos said the government is currently processing licenses for the 37 approved investors for medicinal cannabis production.
“Following the legalisation of medicinal cannabis production we have commended the process of processing the licenses,” he said.
The global legal cannabis market continues to grow with expectations that it will reach US$146 billion by 2025.